The world’s largest container shipping company A.P. Møller – Mærsk A/S announced that its Board of Directors has decided to retain full ownership of Maersk Supply Service.The offshore support vessel industry, which Maersk Supply Service operates within…
Maersk Aborts Sale of Maersk Supply Service Read More »
Fuel leak from the Hapag-Lloyd container ship “Dublin Express” berthed at Global Marine New York Container Terminal in Staten Island, in the Arthur Kill waterway near the Goethals Bridge, was detected in the afternoon March 28.Fuel was escaping from t…
Hapag-Lloyd Seals ‘Dublin Express’ Leak Read More »
Ship owners should be prepared for a lengthy and high cost process of constant revamping of the existing fleet of ships, as more and more bans and regulations are being put into force, with a view to limiting the industry’s environmental impact. …
High Cost Fleet Upgrades to Dominate Shipping Industry in the Years to Come Read More »
The deadline for implementing the IMO’s 2020 low-sulphur bunker fuel regulations is just three quarters away, and the shipping industry is still uncertain over the use of scrubbers. Although most shipowners are expecting tight availability of compliant…
Scrubber installation to ease supply pressure in crude tanker market Read More »
It is difficult to successfully argue that contractual performance has been prevented or delayed by force majeure. This is in part because English courts or arbitration tribunals will interpret these clauses strictly and narrowly against the party seek…
Force majeure success not a sea change Read More »